KOREAN NEW DEAL ENTHUSES W 500 BILLION INFUSIONS INTO AI AND BIG DATA PROJECTS

• The Ministry of Science and ICT declared Wednesday that it would infuse 499 billion won ($420.6 million) of associated budget this year to bolster artificial intelligence AI and big data-powered businesses as part of the Korean New Deal.
• The budget will be provided to a bevy of local businesses, developers and institutions, according to the ICT Ministry.

The ministry added the investment is expected to cate....